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ok crazy to actually point i mean china china's economy like you know if i can interject here for a commuter jet here i mean in the west chinese criticized because it is not in line with the washington consensus if i can use that term here i mean china is a rising power the west is still it is middle steadily. lighning ok i mean so it really is the west has to adjust itself to a rising china and india with its own relative decline would you agree with that the same argument was made about the declining british empire at the beginning of the twentieth century and how the new way it was this. and the fascist states in europe. so countries that are willing to exploit their people to any level are always able to achieve quick turnarounds we saw that really we saw that in germany we saw that at the beginning of the soviet union it's not sustainable but that's how do i i mean i've seen the people standing behind the rear of an ox with a wooden plow while the party members in shanghai in the business people in shanghai in moscow party like there's no tomorrow i've seen little children who
ok crazy to actually point i mean china china's economy like you know if i can interject here for a commuter jet here i mean in the west chinese criticized because it is not in line with the washington consensus if i can use that term here i mean china is a rising power the west is still it is middle steadily. lighning ok i mean so it really is the west has to adjust itself to a rising china and india with its own relative decline would you agree with that the same argument was made about the...
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money into the market which has benefited china but i'd like to also challenge this notion that china owns the united states they own about eight percent of our debt japan is about six percent of our debt so again overblown so do position do political decisions now how this you know this affects of leading to to economic decline and the demise of the west again i think this is these are are more romantic narratives about the west in the minds of americans and this concern that we won't be on top and i'll complicate that a little further that our expansion and our imperialism started with the founding with the notion that anglo-saxon rights male protestants in particular were the less and kind and this led to us you know the genocide of the native americans as we expanded westward it led to atrocities in hawaii and the philippines and beyond so i think it is good that america will have competitors because unchecked imperialism leads to all sorts of of colonial issues and even genocide i think that's an important point and when you talk about competitors sometimes it's a little difficul
money into the market which has benefited china but i'd like to also challenge this notion that china owns the united states they own about eight percent of our debt japan is about six percent of our debt so again overblown so do position do political decisions now how this you know this affects of leading to to economic decline and the demise of the west again i think this is these are are more romantic narratives about the west in the minds of americans and this concern that we won't be on...
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a low in welcome across town timekeeper little china's maneuvering power china's fortunes faring during the global financial crisis the eurozone fiasco political uncertainty in the u.s. and the arab spring is china and the gainer is the world undergoes massive economic and geopolitical ships and as the world changes will china take on a greater leadership role. to keep the story. across not china's growing influence i'm joined by greg audrey in irvine he's an entrepreneur and co-author of death by china in miami we have already changed cars he used a ford motor company chair in global business management at ohio state university and in beijing we cross to doris nesbitt she's the director of the nesbitt china institute all right folks you have difference of points of view on this and i want you to show my viewers ok but first marcia people say china is set to save the world well i don't know about that but there is little doubt that over the last decade asia and china specifically has been steadily moving to the fore of the global economy and in the wake of the two thousand and eight cre
a low in welcome across town timekeeper little china's maneuvering power china's fortunes faring during the global financial crisis the eurozone fiasco political uncertainty in the u.s. and the arab spring is china and the gainer is the world undergoes massive economic and geopolitical ships and as the world changes will china take on a greater leadership role. to keep the story. across not china's growing influence i'm joined by greg audrey in irvine he's an entrepreneur and co-author of death...
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and china as washington calls on bingeing to start playing by the rules but china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization amid growing as a regime protest which critics claim are sponsored problem brought. and blasting off for orbit a crew of three had to the international space station first since a similar rocket carrying on an supplied craft crashed back to earth. russia's markets create the we call for the pope to mystic notes with the obvious mind six up more than one in the hall says the financials beating the games more on the markets are mixed this is news and it's what humans. are watching i think i mean a lot from moscow where it's eleven am now marina josh welcome to the program as a gathering of the pacific rim split will any konami carry weights winds down and why it's the latest rift between the globe's two centers of financial influence which is dominating the u.s. has been criticizing china for its trade and currency prac
and china as washington calls on bingeing to start playing by the rules but china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization amid growing as a regime protest which critics claim are sponsored problem brought. and blasting off for orbit a crew of three had to the international space station first since a similar rocket carrying on an supplied craft...
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currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt russia is pretty excited to host the apec summit next year in the far eastern city of lot of us basically russia is not only just geographically very well strategically placed for the asia pacific. gathering and this big economic group because of the where it is on the world map it's really convenient in terms of reaching the goals of the group in terms of trade investment so on and so forth but it's also traditionally been a big mediator when it comes to certain misunderstandings between world players so this is certainly a good role that russia can play when it comes to continuing to develop the goals of the gathering and of course last but not least you know russia's accession to the world trade organization is something that the russian federation has been ready for for quite some time for almost a decade so certainly it's been ready to go this entire time so what better time than now to
currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt russia is pretty excited to host the apec summit next year in the far eastern city of lot of us basically russia is not only just geographically very well strategically placed for the asia pacific. gathering and this big economic group because of the where it is on the world map it's really convenient...
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we're in europe as well so in terms of their bacon they don't care what china is doing fekete one china's money in china say no so what's the put your house in order in your opinion with think about lend you some. in corporations western corporations question the law of the effect that it legal to china if you look allies like greece in keep their profits so there's only one loser segment you know all this transition and all those looking glasses in the lot and you know are you just not in a and we also sun our sun is reported g.o.p. presidential candidates taking a dig at china there is sort of a fear mongering that seems to be going on on one side but we also saw michele bachmann comparing the two countries saying in a sense you know let's get rid of american programs like when johnson's great society bachmann says that this has made the us into a welfare state she says if only we were more like china they don't have food stamps they don't they save for their own retirement so badly i guess i get an idea from you about some of these different views from potential future leaders of this
we're in europe as well so in terms of their bacon they don't care what china is doing fekete one china's money in china say no so what's the put your house in order in your opinion with think about lend you some. in corporations western corporations question the law of the effect that it legal to china if you look allies like greece in keep their profits so there's only one loser segment you know all this transition and all those looking glasses in the lot and you know are you just not in a...
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economy is dependent on europe buying exports from china and also a large portion of china's china's currency reserves are in the euro so china it's not in china's interest to see europe's economy fail or decline and that of course this is part of this discussion as well as foreign ministry spokesperson here in china this week said china will always be an important investor and european financial market so we have to wait and see so if anyone wants to put their money into something they're going to want some kind of return on their investment what kind of return do you think china will be looking to get from putting its money into europe. now looks like china will likely be asking for some major concessions one route for china's funding of the bailout fund would go through the i am not sure and i am not fines and i am i for a story please been dominated by the united states and european powers and developing countries have long argued for greater voting power and more of a voice in the i.m.f. so it's possible that china would demand greater voting powers within the i.m.f. for having
economy is dependent on europe buying exports from china and also a large portion of china's china's currency reserves are in the euro so china it's not in china's interest to see europe's economy fail or decline and that of course this is part of this discussion as well as foreign ministry spokesperson here in china this week said china will always be an important investor and european financial market so we have to wait and see so if anyone wants to put their money into something they're...
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and make china a financial power on par with the u.s. and this wouldn't have a first time for the two countries jousted for a while now the u.s. has laid claims that china is under valuing its currency they continue to try to game the system to their advantage and our just sit damage so i think it's appropriate and fitting in timely for us to be standing up and saying you know this is this is not acceptable ultimately however saving the eurozone and the u.s. is in china's own economic interests meanwhile economists are already warning of contagion threat if the crisis unravels and some have pointed to the country's slow growth as a sign of a spill over effect concerns that beijing has dismissed. if humans and. you want to use that you know who owns it is trying to say that the national economy is generally on the right track and is benefiting from the control policies on the domestic front china's going further tightening the screws on internet freedom whether it's a sign of its internal vulnerability in that world by popular uprisings i
and make china a financial power on par with the u.s. and this wouldn't have a first time for the two countries jousted for a while now the u.s. has laid claims that china is under valuing its currency they continue to try to game the system to their advantage and our just sit damage so i think it's appropriate and fitting in timely for us to be standing up and saying you know this is this is not acceptable ultimately however saving the eurozone and the u.s. is in china's own economic interests...
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sincerity china will lend a hand but i don't cross china will also have their own conditions to reciprocate themselves where you mentioned china has its own conditions and it obviously has its own issues to spend its own money on how can it convince its people that it is a good idea to throw the country's money at a swath of rich g seven nations. that's a very good question because i can see that there has been growing concern in china over you know how the money is going to be spent and i think the government will have to gave the right answer to the chinese people because because it's their tax dollars so therefore so china should view this as a matter of the investment instead of a financial aid and secondly the economic considerations should be the primary consideration instead of you know the compromising on certain face saving or diplomacy then the investment for be targeted more to the valuable assets to help the industries instead overriding a bland check to buy the bonds which is now rather sticky and there has not been the reasonable or for that a proper return risk a free package
sincerity china will lend a hand but i don't cross china will also have their own conditions to reciprocate themselves where you mentioned china has its own conditions and it obviously has its own issues to spend its own money on how can it convince its people that it is a good idea to throw the country's money at a swath of rich g seven nations. that's a very good question because i can see that there has been growing concern in china over you know how the money is going to be spent and i...
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and china as washington calls on bingeing to start playing by the rules what china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to span of from the organization and a growing as a regime protests which some believe are sponsored from abroad. and blasting off for orbit a crew of three heads to the international space station the first since a similar rocket carrying out on man supplied craft crashed back to earth. but if you live from moscow with me marina joshing welcome to the program as a gathering out of the pacific rim political and economic heavy weights winds down and why it's the latest rift between the globe's two centers of financial influence which is dominating the u.s. has been criticizing china for its trade and currency practices and as artie's of the future in the reports the fact that next year a summit is taking place in russia could help solve some of the biggest sticking points. it looks like a new cloudy chapter in the book of currency wars between the unit
and china as washington calls on bingeing to start playing by the rules what china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to span of from the organization and a growing as a regime protests which some believe are sponsored from abroad. and blasting off for orbit a crew of three heads to the international space station the first since a similar rocket carrying out on man supplied...
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about china well there you have it it seems china is the new kid on the economic block and it's up to the u.s. and go west to see how they deal with reporting from washington and i can say oh i see dr caroline helpmann from occidental college in los angeles says washington feels the need to paint china as the new evil empire. china becomes this very convenient target we need an enemy right the cold war is over terrorism doesn't provide a concrete enemy for the united states to confide so when we hear this republican competitors talking about china as an enemy i do think that it fills that notion of having something to oppose in order to prove the resilience of nationalism and again i think i take issue with that nationalism but at the same time i think it's good for the u.s. to have competitors it's never good for a global superpower to be the only one at the top of perceived because then they act with impunity and i believe that various points in u.s. history we have seen the evidence of that i think having china in the mix will be very positive for social political relations and now
about china well there you have it it seems china is the new kid on the economic block and it's up to the u.s. and go west to see how they deal with reporting from washington and i can say oh i see dr caroline helpmann from occidental college in los angeles says washington feels the need to paint china as the new evil empire. china becomes this very convenient target we need an enemy right the cold war is over terrorism doesn't provide a concrete enemy for the united states to confide so when...
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is china town to find out i don't think we have to be afraid of china but i do think that we should be concerned well i think concerned might be the right word for it and angelina isn't the only one how much twenty in love and b.b.c. poll shows that many in the west aren't exactly thrilled about china gaining more economic steam in the span of just five years negative attitudes towards china have skyrocketed with france germany italy the u.k. and the u.s. on unhappy at the thought of china nipping at their heels and for the us nowhere is that clear that in the race to the white house china is on almost every dimension cheated this is no longer a time for us to sit back and say we're going to let them steal our jobs what we need to do is stop enriching china with our money i want to beat china i want to go to war with china and make america the most attractive place in the world to do business woah woah whoa does it have to be us or them and is anybody buying it the world changing you know so like the fact the fact that like china's economy is modernizing. isn't the reason why our econo
is china town to find out i don't think we have to be afraid of china but i do think that we should be concerned well i think concerned might be the right word for it and angelina isn't the only one how much twenty in love and b.b.c. poll shows that many in the west aren't exactly thrilled about china gaining more economic steam in the span of just five years negative attitudes towards china have skyrocketed with france germany italy the u.k. and the u.s. on unhappy at the thought of china...
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with our mani i want to be china i want to go to war with china and make america the most attractive place in the world to do business woah whoa does it have to be us or them and is anybody buying it the world changing you know so like the fact the fact that like china's economy is modernizing. isn't there a reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring that up but i think it is in a business sense an economic sense most countries do just work with china as any other country so yeah i don't know where the fear comes from from the u.s. about china well there you have it it seems china is the new kid on the economic block and it's up to the u.s. and the west to see how they deal with reporting from washington i'm not trying to set a party. meantime caroline helpmann from the occidental college in los angeles says that washington feels the need to paint china as a new evil empire china becomes this very convenient target we need an enemy right the cold war is over terrorism doesn't provide a concrete enemy for th
with our mani i want to be china i want to go to war with china and make america the most attractive place in the world to do business woah whoa does it have to be us or them and is anybody buying it the world changing you know so like the fact the fact that like china's economy is modernizing. isn't there a reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring that up but i think it is in a business sense an economic sense most...
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with our money i want to be china i want to go to war with china and make america the most attractive place in the world to do business what. does it have to be us or them and isn't buying it the world's changing like the fact the fact that like china's economy is modernizing. isn't there a reason why our economy is doing right now. and so it's maybe just a straw man. presidential candidates bring up but they get in the business since. most countries do just as any other country. yeah i don't know whether it comes from the us about china well there you have it it seems china is the new kid on the economic block and it's up to the us and the west to see how they deal with reporting from washington and are trying to set up our feet and earlier i spoke to caroline hellman professor of politics at occidental college she told me people in the u.s. may want to adjust their attitudes toward china and explain the times a little friendly rivalry isn't so bad take a listen i think that it is positive when we have another global competitor as they talked before about you know the united states b
with our money i want to be china i want to go to war with china and make america the most attractive place in the world to do business what. does it have to be us or them and isn't buying it the world's changing like the fact the fact that like china's economy is modernizing. isn't there a reason why our economy is doing right now. and so it's maybe just a straw man. presidential candidates bring up but they get in the business since. most countries do just as any other country. yeah i don't...
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with our model i want to beat china i want to go to war with china and make america the most attractive place in the world to do business. doesn't have to be os or them and isn't buying it's the world changing you know so like the fact the fact that like china's economy is modernizing. isn't the reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring it up but they get in a big. countries do just as any other country. comes from the us about well there you have it it seems china is the new kid on the economic block and it's up to the us. to see how they deal with. washington and are going to set up. and hold them from dental college in los angeles says washington feels the need to paint china as a new evil empire china becomes this very convenient target we need an enemy right the cold war is over terrorism doesn't provide a concrete enemy for the united states to confront so when we hear this republican competitors talking about china as an enemy i do think that it fills that notion of having something to oppose in order
with our model i want to beat china i want to go to war with china and make america the most attractive place in the world to do business. doesn't have to be os or them and isn't buying it's the world changing you know so like the fact the fact that like china's economy is modernizing. isn't the reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring it up but they get in a big. countries do just as any other country. comes from...
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and china as washington calls on bingeing to start playing by the rules but china is calling its own shots we bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision just a span of from the organization of it growing antares ebro task which some believe are concert from abroad. and blasting into orbit a crew of three have still the international space station is the first launch since a similar rocket carrying out man supply craft crashed back to earth. in business out speak up saw is russia's take the country wants to invest in the liquefied natural gas project more on this in twenty minutes. watching r.t. coming to live from moscow one pm here on marina joshie as a gathering out of the pacific reams political and economic heavy weights winds down in hawaii it's the latest rift between the globe's two centers on financial influence which is dominating the u.s. has been criticizing china for its trade and currency practices and as artie's and as a future king are reports the fact that next year a summit is taking pla
and china as washington calls on bingeing to start playing by the rules but china is calling its own shots we bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision just a span of from the organization of it growing antares ebro task which some believe are concert from abroad. and blasting into orbit a crew of three have still the international space station is the first launch since a similar rocket carrying out man supply...
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i think i mean china. is considering contributing a bit to the rescue package if you are the two who promoted you to soft power and then you pull you to relations with the you but i guess i've critic that the chinese reader is will contribute to the money to now so much i mean as a chick as a. gesture of good i mean a gesture of friendship to to the e.u. but to. the investment itself i mean you know european pop is. because of you that china. is a part of the european countries. well what's interesting though i mean now the attention is kind of going east towards for help i mean china is a member of the brics blog and also in the blog that's called the emerging markets so to speak but is it still justified to call this block emerging i mean call china emerging country or do you think it's time to change the terminology. a noise that's what i mean a change of the minority i mean china is still. emerging market economy and it has a lot how do you have to terms a poor country faces an all powerful pressure be
i think i mean china. is considering contributing a bit to the rescue package if you are the two who promoted you to soft power and then you pull you to relations with the you but i guess i've critic that the chinese reader is will contribute to the money to now so much i mean as a chick as a. gesture of good i mean a gesture of friendship to to the e.u. but to. the investment itself i mean you know european pop is. because of you that china. is a part of the european countries. well what's...
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currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt. he's an associate you're going to reporting right there one of the two countries have exchanged strong words with china defending its policy on its currency oksana boyko now explains the differences that have piled up between washington and beijing. if there is any us state where the occupy movement has little chance that's probably why despite the high concentration of politicians in wall street big week socializing at the apec summit the only place people are willing to offer to party here on mass at the beach is with one exception these protesters are against greed and social injustice they're against economic inequality and they are against china. i. mean sudan clearly the mood at the podium was similar to hostile i think we can benefit from trade with china and i want certainly to continue cultivating a. constructive relationship with the trying his government but we're going to continu
currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt. he's an associate you're going to reporting right there one of the two countries have exchanged strong words with china defending its policy on its currency oksana boyko now explains the differences that have piled up between washington and beijing. if there is any us state where the occupy movement...
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with our money i want to be china i want to go to war with china and make america the most attractive place in the world to do business with. doesn't have to be us or them and isn't buying it the world changing you know so like the fact the fact that like china's economy is modernizing. isn't the reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring it up but i think it in a business sense that it can all make sense was countries to just work with china as any other country so yeah i don't know where the fear comes from from the u.s. about china well there you have it it seems to china is the new kid on the economic block and it's up to the u.s. elbow us to see how they deal with reporting from wash. and i just said oh see as just a little while ago i spoke to caroline hellman she's a professor of politics at occidental college he told me that people in the u.s. may want to just those attitudes toward china and explain sometimes a little friendly rivalry isn't so bad for us i think that it is positive when we have anot
with our money i want to be china i want to go to war with china and make america the most attractive place in the world to do business with. doesn't have to be us or them and isn't buying it the world changing you know so like the fact the fact that like china's economy is modernizing. isn't the reason why our economy is doing poorly right now. and so it's maybe just a straw man when. presidential candidates bring it up but i think it in a business sense that it can all make sense was...
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is to effect big one china's money in china same will force the put your house in order in europe in with think about leaders summit in corporations western corporations question they love defected to china do you look allies like crazy in keep their profits so there is only one loser segments in all this transition into. looking glasses in the lores and you know you just mentioned this and they also sign off on his report g.o.p. presidential candidates taking a dig at china there is sort of a fear mongering that seems to be going on on one side but we also saw michele bachmann comparing the two countries saying in a sense let's get rid of american programs like lyndon johnson's great society bachmann says that this has made the us into a quote welfare state she says if only we were more like china they don't have food stamps they don't they save for their own retirement so badly i guess i want to get an idea from you about some of these different views from potential future leaders of this country and the way they view china. look at every thermo watch the republicans eat my cat run
is to effect big one china's money in china same will force the put your house in order in europe in with think about leaders summit in corporations western corporations question they love defected to china do you look allies like crazy in keep their profits so there is only one loser segments in all this transition into. looking glasses in the lores and you know you just mentioned this and they also sign off on his report g.o.p. presidential candidates taking a dig at china there is sort of a...
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and china over currency manipulation we just got a pact with president obama coming out against china china firing back we also saw u.s. congress did come out with a report saying that the renminbi could mount a challenge to the dollar and five to ten years you say that challenge is going on now in a currency war is going on how is it playing out. well you know i don't like to accuse the chinese of currency manipulation that every country manipulates this currency to some extent where what we call manipulation they call policy so i don't think anyone is exempt from that but the the u.s. is the biggest currency manipulator in the world when you look at quantitative easing which is just money printing the q e two in this new operation twist all forms of monetary ease people think it's about lowering interest rates it is a little bit but it's really about cheapening the value of the dollar the theory is that if you have a cheaper dollar it makes u.s. exports more attractive so it will sell more boeing aircraft or general electric wind turbines and cetera the problem is it's starts out ok
and china over currency manipulation we just got a pact with president obama coming out against china china firing back we also saw u.s. congress did come out with a report saying that the renminbi could mount a challenge to the dollar and five to ten years you say that challenge is going on now in a currency war is going on how is it playing out. well you know i don't like to accuse the chinese of currency manipulation that every country manipulates this currency to some extent where what we...
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with a trip to russia with a trip to china where she said europe's debts are making global prospects uncertain and that's asia's not immune live to beijing now and professor liu from the university of international business and economics there professor about chung thank you for joining us. first of all the i.m.f. letter the i.m.f. boss is largely on a revenue raising exercise to help europe which china has been cool on in recent weeks what might this trip actually achieve. now christine lagarde is the now sitting at the chairman of the i.m.f. therefore i think her professional job is really to beef up the mast to make more productive on a more expensive so the set of merely full coups seen on the us the rest of europe so therefore i think the the initial object to it is really how china can work more closely was on maff. the. finance capacity of my math in the meantime to further justifiable position for china both in terms of the membership also the possible r. and b. as a denominating current state of bihar on the special drawing rights and then certain phones will be funneled to
with a trip to russia with a trip to china where she said europe's debts are making global prospects uncertain and that's asia's not immune live to beijing now and professor liu from the university of international business and economics there professor about chung thank you for joining us. first of all the i.m.f. letter the i.m.f. boss is largely on a revenue raising exercise to help europe which china has been cool on in recent weeks what might this trip actually achieve. now christine...
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and europe and all those other countries outside of china why not china because china right now as we speak is mining as much as they possibly can while we're fighting a war in afghanistan i should be more they actually are spending comparable money billions of dollars mining copper they have set up a mat massive infrastructure a paramilitary and you know way i mean this is how bad it gets in a way they're actually using our war to distract the afghanis that's not intentional but between most. of course china does is not directed against us but directed for china way i see it is that there is a war going on in this world right now and it's a war for resources we're not fighting and we really don't even know it exists china is fighting it with all the coming and all the skills and all the people that they have and if we don't wake up soon enough i fear for our standard of living our way of life the whole shebang and i think these kinds of protests that you're seeing right now come from the fact that gasoline and other necessities of life just cost the typical person massive massive per
and europe and all those other countries outside of china why not china because china right now as we speak is mining as much as they possibly can while we're fighting a war in afghanistan i should be more they actually are spending comparable money billions of dollars mining copper they have set up a mat massive infrastructure a paramilitary and you know way i mean this is how bad it gets in a way they're actually using our war to distract the afghanis that's not intentional but between most....
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currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt. but u.s. has long complained that china keeps its currency artificially weak to give an advantage to exporters but china says the yuan has to rise gradually to avoid harming its economy across one of the office on a boy explains the differences that have piled up now between washington and beijing if there is any us state where the occupy movement has little chance it's probably why despite the high concentration of politicians in wall street big week socializing at the apec summit the only place people are willing to buy here on mass at the beach is this one exception these pictures tourists are against greed and social injustice they're against economic inequality and they are against china . who incidentally the mood at the podium was similarly. i think we can benefit from trade with china and i want certainly to continue cultivating a. a constructive relationship with the trying is gover
currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt. but u.s. has long complained that china keeps its currency artificially weak to give an advantage to exporters but china says the yuan has to rise gradually to avoid harming its economy across one of the office on a boy explains the differences that have piled up now between washington and beijing if...
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and china as washington calls on bingeing to start playing by the rules what china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization of it growing into regime protests which critics claim are sponsored from abroad. and blasting off for orbit a crew of three had to the international space station the first since a similar rocket carrying an unmanned supply craft crashed back to earth. it's ten am in the russian capital you're watching on t.v. live from moscow with me rima joshie as a gathering of the pacific rim split it all an economic heavyweights winds down in hawaii it's the latest rift between the globe's two centers of financial influence which is dominating the u.s. has been criticizing china for its trade and currency practices i guess the future king reports from honolulu. it looks like a new cloudy chapter in the book of currency wars between the united states and china has certainly been opened here at the apec summit in honolulu as broca
and china as washington calls on bingeing to start playing by the rules what china is calling its own shots we'll bring you all the latest details from honolulu just ahead in the program. syria seeks to reverse the arab league's decision to booted out of the organization of it growing into regime protests which critics claim are sponsored from abroad. and blasting off for orbit a crew of three had to the international space station the first since a similar rocket carrying an unmanned supply...
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growth to china and italy was this lease that meeting economy has resulted in a great slump china in comparison has been full steam ahead emerging as a major manufacturing base but was chinese business is approving strong competition china is being cautious when it comes to buying up your debts the investment should be told in a more valuable. help me industries you start arriving all blonde is chinese investments in western companies and infrastructure grows so you to just china's control and influence across the entire european economy with the chinese trade and investment delegation g. to visit europe next year further investment seem extremely likely. that we call it. could be very very. bad in order to. financial crises as the crisis continues to readjust the economic leaders on the global stage emerging economies such as china looks set to remain firmly in the spotlight surface r.t. . tion quantised francisco. china is greatly interested in europe's economic recovery as it's one of the e.u.'s not just trading partners. this situation in europe and with the euro is uncertain and
growth to china and italy was this lease that meeting economy has resulted in a great slump china in comparison has been full steam ahead emerging as a major manufacturing base but was chinese business is approving strong competition china is being cautious when it comes to buying up your debts the investment should be told in a more valuable. help me industries you start arriving all blonde is chinese investments in western companies and infrastructure grows so you to just china's control and...
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china and the u.s. both want a strong euro because they want to sell their goods to europe and europe so larger export market for china than the united states is so if china and the u.s. want a strong euro you're going to get a strong euro and germany's on board with that so that really explains back an entrepreneur at the end of the day not everyone can win a currency war unless you go to gold gold is the one thing where everybody can devalue it once again school they can't devalue against each other but they can devalue against gold so that's where these things and but there's a joke in the back now it's the joker is the s.t.r. i know it makes people's head hurt but it's a special drawing right the easiest way to think of it this is the i.m.f. printing press the fed has a printing press they crank out dollars p.c.b. has a printing press they crank out euro's and known to very few people the i.m.f. has a printing press and they crank out s.t.r. so i see the entire international monetary system as a foo
china and the u.s. both want a strong euro because they want to sell their goods to europe and europe so larger export market for china than the united states is so if china and the u.s. want a strong euro you're going to get a strong euro and germany's on board with that so that really explains back an entrepreneur at the end of the day not everyone can win a currency war unless you go to gold gold is the one thing where everybody can devalue it once again school they can't devalue against...
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the reprimand seems to be in china. conformities one of the top ballet you think the chinese wall also reflected in the country's political and economic policy if that's not that china doesn't play by their all that's actually quite the opposite but do you notice the things they have an issue really is that increasingly china rules and absolute privilege washing for would prefer to keep its out as the u.s. president hailed his new free trade asia pacific pact as a win win to boost trade in the region some in china as a predator effort to change rules. free trade to be. in the eyes of the beholder it's a treat for you the protection provided i get the. precious industries. well. so it's always at loma. as the euro crisis continues metastasizing throughout the world and china is asked to shoulder the load many analysts say the west should keep in mind it's old adage about he who pays the piper china is really in the driver's seat in many respects and this is coming at an awkward time for the united states because the unit
the reprimand seems to be in china. conformities one of the top ballet you think the chinese wall also reflected in the country's political and economic policy if that's not that china doesn't play by their all that's actually quite the opposite but do you notice the things they have an issue really is that increasingly china rules and absolute privilege washing for would prefer to keep its out as the u.s. president hailed his new free trade asia pacific pact as a win win to boost trade in the...